OB:WALWIL

Stock Analysis Report

Executive Summary

Wallenius Wilhelmsen ASA, together with its subsidiaries, provides roll-on roll-off (ro-ro) shipping and vehicle logistics services worldwide.

Rewards

Trading at 88.7% below its fair value

Earnings are forecast to grow 37.22% per year

Earnings grew by 78.8% over the past year

Risk Analysis

Interest payments are not well covered by earnings

Unstable dividend track record

Highly volatile share price over past 3 months



Snowflake Analysis

Very undervalued with proven track record.


Similar Companies

Share Price & News

How has Wallenius Wilhelmsen's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: WALWIL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-8.6%

WALWIL

-0.2%

NO Shipping

-0.07%

NO Market


1 Year Return

-23.5%

WALWIL

-1.2%

NO Shipping

0.06%

NO Market

Return vs Industry: WALWIL underperformed the Norwegian Shipping industry which returned -1.2% over the past year.

Return vs Market: WALWIL underperformed the Norwegian Market which returned 0.1% over the past year.


Shareholder returns

WALWILIndustryMarket
7 Day-8.6%-0.2%-0.07%
30 Day-22.6%-6.0%-2.9%
90 Day0.2%6.0%2.9%
1 Year-20.2%-23.5%2.2%-1.2%5.3%0.06%
3 Year-46.1%-48.3%-11.5%-18.0%31.6%15.2%
5 Year-49.0%-52.7%-1.8%-14.4%56.8%21.2%

Price Volatility Vs. Market

How volatile is Wallenius Wilhelmsen's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Wallenius Wilhelmsen undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: WALWIL (NOK21.08) is trading below our estimate of fair value (NOK186.1)

Significantly Below Fair Value: WALWIL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: WALWIL is good value based on its PE Ratio (10.3x) compared to the Shipping industry average (11.9x).

PE vs Market: WALWIL is good value based on its PE Ratio (10.3x) compared to the Norwegian market (15.7x).


Price to Earnings Growth Ratio

PEG Ratio: WALWIL is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: WALWIL is good value based on its PB Ratio (0.4x) compared to the NO Shipping industry average (0.6x).


Next Steps

Future Growth

How is Wallenius Wilhelmsen forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

37.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WALWIL's forecast earnings growth (37.2% per year) is above the savings rate (0.7%).

Earnings vs Market: WALWIL's earnings (37.2% per year) are forecast to grow faster than the Norwegian market (18.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: WALWIL's revenue (2.8% per year) is forecast to grow slower than the Norwegian market (3.2% per year).

High Growth Revenue: WALWIL's revenue (2.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: WALWIL's Return on Equity is forecast to be low in 3 years time (9.4%).


Next Steps

Past Performance

How has Wallenius Wilhelmsen performed over the past 5 years?

-15.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WALWIL has high quality earnings.

Growing Profit Margin: WALWIL's current net profit margins (2.4%) are higher than last year (1.3%).


Past Earnings Growth Analysis

Earnings Trend: WALWIL's earnings have declined by -15.8% per year over the past 5 years.

Accelerating Growth: WALWIL's earnings growth over the past year (78.8%) exceeds its 5-year average (-15.8% per year).

Earnings vs Industry: WALWIL earnings growth over the past year (78.8%) exceeded the Shipping industry -23.5%.


Return on Equity

High ROE: WALWIL's Return on Equity (3.5%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Wallenius Wilhelmsen's financial position?


Financial Position Analysis

Short Term Liabilities: WALWIL's short term assets ($1.0B) exceed its short term liabilities ($1.0B).

Long Term Liabilities: WALWIL's short term assets ($1.0B) do not cover its long term liabilities ($3.9B).


Debt to Equity History and Analysis

Debt Level: WALWIL's debt to equity ratio (65.2%) is considered high.

Reducing Debt: WALWIL's debt to equity ratio has reduced from 77.7% to 65.2% over the past 5 years.

Debt Coverage: WALWIL's debt is well covered by operating cash flow (39.3%).

Interest Coverage: WALWIL's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet

Inventory Level: WALWIL has a high level of physical assets or inventory.

Debt Coverage by Assets: WALWIL's debt is not covered by short term assets (assets are 0.6x debt).


Next Steps

Dividend

What is Wallenius Wilhelmsen's current dividend yield, its reliability and sustainability?

6.16%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Wallenius Wilhelmsen before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company6.2%marketbottom25%2.9%markettop25%6.2%industryaverage3.9%forecastin3Years7.3%

Current dividend yield vs market & industry

Notable Dividend: WALWIL's dividend (6.16%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.88%).

High Dividend: WALWIL's dividend (6.16%) is low compared to the top 25% of dividend payers in the Norwegian market (6.16%).


Stability and Growth of Payments

Stable Dividend: WALWIL has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: WALWIL has only been paying a dividend for 9 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (63.6%), WALWIL's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: WALWIL's dividends in 3 years are forecast to be well covered by earnings (33.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.6yrs

Average management tenure


CEO

Craig Jasienski 0

2.8yrs

Tenure

US$1,421,000

Compensation

Mr. Craig Jasienski has been the Chief Executive Officer at Wallenius Wilhelmsen Logistics ASA (Alternate Name Wilh. Wilhelmsen ASA) since April 4, 2017 and serves as its President. Mr. Jasienski served as ...


CEO Compensation Analysis

Compensation vs Market: Craig's total compensation ($USD1.42M) is above average for companies of similar size in the Norwegian market ($USD567.89K).

Compensation vs Earnings: Craig's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Craig Jasienski
CEO & President2.8yrsUS$1.42m0.012% $1.1m
Thomas Wilhelmsen
Deputy CEO & Director10.1yrsno datano data
Rebekka Herlofsen
Chief Financial Officer2.8yrsUS$747.00k0.0075% $664.2k
Erik Noeklebye
Chief Executive Officer of EUKOR Car Carriers0yrsUS$881.00kno data
Astrid Martinsen
Head of Corporate Finance & IR0yrsno data0.00035% $31.2k
Marianne Schreuder
Senior Legal Counsel0yrsno datano data
Anna Larsson
Head of Corporate Communication0yrsno datano data
Jan Dahm-Simonsen
Chief Human Resources Officer2.3yrsno data0.00012% $10.7k
Benedicte Gude
Group Senior Vice President of HR & Communications0yrsno datano data
Malfrid Lundell
Chief Transformation Officer2.1yrsno datano data

2.6yrs

Average Tenure

49yo

Average Age

Experienced Management: WALWIL's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thomas Wilhelmsen
Deputy CEO & Director10.1yrsno datano data
Håkan Larsson
Chairman of the board2.8yrsno data0.0083% $738.1k
Marianne Lie
Independent Director10.1yrsno datano data
Jonas Kleberg
Director2.8yrsno datano data
Margareta Alestig
Independent Director2.8yrsno datano data

2.8yrs

Average Tenure

57yo

Average Age

Experienced Board: WALWIL's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Wallenius Wilhelmsen ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Wallenius Wilhelmsen ASA
  • Ticker: WALWIL
  • Exchange: OB
  • Founded: 1861
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: kr8.903b
  • Shares outstanding: 422.34m
  • Website: https://www.walleniuswilhelmsen.com

Number of Employees


Location

  • Wallenius Wilhelmsen ASA
  • Strandveien 20
  • Lysaker
  • Akershus
  • 1364
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WALWILOB (Oslo Bors)YesOrdinary SharesNONOKJun 2010
WNLDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2010
0N0BLSE (London Stock Exchange)YesOrdinary SharesGBNOKJun 2010
WALWIOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKJun 2010

Biography

Wallenius Wilhelmsen ASA, together with its subsidiaries, provides roll-on roll-off (ro-ro) shipping and vehicle logistics services worldwide. It operates through Ocean and Land Based segments. The company offers ocean transport services to cars, ro-ro cargo, and project cargo for car manufacturers, and manufacturers of agriculture and other high and heavy equipment. It also provides vehicle logistics services, including plant and port based technical services, marine terminal services, and inland distribution service. The company operates through a fleet of 130 vessels. Wallenius Wilhelmsen ASA was founded in 1861 and is headquartered in Lysaker, Norway. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 22:01
End of Day Share Price2020/02/19 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.